ANZ-Roy Morgan Consumer Confidence up 1.1pts to 93.5 as new cases of COVID-19 continue decline and restrictions ease in Country Victoria

Original article by Roy Morgan
Market Research Update – Page: Online : 23-Sep-20

ANZ-Roy Morgan Consumer Confidence rose 1.1pts to 93.5 on the weekend of September 19/20. It is now 16.6pts lower than a year ago (110.1) and just 0.2pts below the 2020 weekly average of 93.7. Consumer Confidence has now increased for three straight weeks and is up 3.3pts since hitting a low of 90.2 in late August. Now 23% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 35% (up 1ppt) say their families are ‘worse off’ financially. In addition, 34% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 19% (down 1ppt) expect to be ‘worse off’ financially. Only 7% (up 1ppt) expect ‘good times’ for the Australian economy over the next 12 months, while 43% (down 4ppts) expect ‘bad times’. Meanwhile, 35% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 35% (unchanged) say now is a ‘bad time to buy’.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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